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The 8 Best Ways to Follow Up After a Networking Event

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The 8 Best Ways to Follow Up After a Networking Event

When you finally kick back to enjoy some downtime after that incredibly busy networking event, you may not think you have much to show for it. That massive deck of business cards sure looks impressive, but how can you turn it into something lucrative?

Congratulations! You may not realize it, but you’ve just reached the first rocky pinnacle of the networking process. Now it’s on to the second stage—reaping the rewards. Use these eight tips to follow-up your glad handing and to turn networking leads into business, and the ROI of your trip will begin to materialize in no time:

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1. Link up on LinkedIn

Send all your event contacts an invitation to connect on LinkedIn. Express your willingness to introduce them to other professionals in your network. Who knows? They might offer to do the same for you, helping you increase your reach and influence across the industry.

2. Send Valuable Content

Another great way to follow up with a contact is by sending them valuable content. Ask them if they would like to subscribe to your company’s email updates to learn more about your products and/or services. If your firm just wrote a brilliant white paper, shoot your new contact a link or a copy of the document.

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3. Have Something to Say

Presumably, you scored a ton of new business cards at the shindig and are ready to reach out. If you find yourself at a loss in regard of topics to discuss, Google the contact’s name or business. A little reconnaissance info might provide you a conversation starter. Did the contact’s firm just earn a new patent or land a major client? Did they just launch a killer new app? Have they won an industry award for a product or service? If so, these are things you can mention to get their tongues a-waggin’!

4. Walk Down Memory Lane

When sending follow up emails, be sure to reference anything you talked about with your new connections to refresh their memory, since they probably met with scores of other people as well. You may not hear back right away, but remember: just because a contact doesn’t call back immediately, it doesn’t mean they’re not interested. Everyone else, like you, is a busy business professional, so stay pleasantly persistent and you’ll be sure to stay top-of-mind.

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5. Check In Regularly

Additionally, be sure to remind yourself to reconnect with your contact each month. They might not be interested in your products or services right now, but things are constantly changing in the dynamic world of commerce. Remember: stay in touch, but don’t overdo it. Too much connecting can kill your efforts.

6. Schedule a Call

Suggest a 15-minute phone call that will be of mutual benefit to you and your new peer – although you’ll want to focus on how the call will help him or her primarily. You can discuss products, services, trends, or anything else that might benefit your connection. Do some research before you make the suggestion, however, so your contact knows you did your homework and are genuinely interested in seeing how you can help one another.

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7. Schedule a Meeting

If you formed an especially strong bond with a connection who works relatively close by, ask to set up a one-on-one meeting at an equidistant location. This doesn’t have to be anything formal. A lunch or breakfast get-together can be just as valuable and mutually beneficial as a conference room meeting.

8. Create a Partnership

If you really luck out – and many do at industry events – see if your contact is interested in creating a strategic partnership. While this could be something as cataclysmic as a joint venture, it could also be something as simple as an agreement to help each other find new opportunities. Industry events often specialize in attracting businesses and executives whose offerings complement one another. Don’t let a partnership opportunity pass you by.

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Pick and choose from the suggestions above, or combine some of them to develop your own follow-up strategies. Never let a networking event go to waste again.

Featured photo credit: Image Credit: Viktor Hanacek via picjumbo.com

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Last Updated on January 27, 2022

12 Reasons Why You Should Consider Working in Singapore

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12 Reasons Why You Should Consider Working in Singapore

Nine out of 10 foreign workers are satisfied with working in Singapore, a recent governmental survey reports. Being ranked best for numerous criteria from best intellectual property protection laws to the easiest country to do business in, Singapore also receives a bunch of accolades for the overall quality of life, top education standards and efficient medical system, ranking the nation as the healthiest in the world. So, what exactly makes the City of Lions such an impeccable place to start your career or relocate your business? Here are just 12 reasons why you should consider doing it!

1. Singapore ranks second as the most globalized economy in the world

The Global Competitiveness Report 2014 – 2015 named Singapore as the world’s second prospering economy. By defining “competitiveness” as the set of institutions, policies and factors that determine the level of productivity of a country, the report claims to be the most authoritative assessment of the country’s prosperity and well-being. What does that mean for you and me? High wages, low unemployment rate, excellent work conditions and nourishing business development and investment climate.

2. Salaries are extremely lucrative

As the economy is booming, Singapore companies are hungry to acquire overseas specialists, offering top salaries and lucrative benefit packages to attract highly-skilled workers and talents. With a median salary of 3.500$ per month, software engineers can earn up to 72.000$ annually, whereas general practitioners usually receive around 80.000$ per year, according to PayScale. Elementary school teachers earn around 34.000$ per year and working as a waitress part time will bring you around 1100$ per month.

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3. Progressive personal tax system

Calculating and paying taxes in Singapore is extremely easy and usually takes around 30 seconds to submit your online tax return. If you already obtained a residence permit, your personal taxes in Singapore range from 0% if you earn less than S$ 22.000 per year to 20% for incomes above S$ 320,000. Non-residents are expected to pay a flat rate of 15% from all income gained in Singapore. In addition, all of your earnings gained overseas and brought to the country are not subjected to any taxes.

4. Getting a work/residence permit is really easy…

With a population of only five million, and dropping fertility rates, Singapore is highly interested in acquiring new residence and labor force to boost the country’s economy to soaring heights. If you already have a job offer secured, applying for a work permit would take only a few clicks on the governmental website and you will know the outcome within just one day. No lines, no paper bureaucracy and no huge list of supportive documents or blankly stated requirements. Their entire procedure is even simpler if you are a business owner wishing to relocate your business to Singapore, or a start-up entrepreneur wishing to develop your company within the island. You are likely to receive your work permit for a longer term, plus the renewal process is fast and simple. Residence permits are usually issued along with your work permit for the same period of time.

5. …And the same with permanent residence status

If you have lived and worked in Singapore for over a year and enjoyed your experience, you can start considering applying for a permanent resident card. Again, the whole process can be done online without much hassle or paperwork involved. Among the factors of a successful outcome, expats name young age (below 50), educational background (degrees obtained in Singaporean universities will earn you extra points), the industry you work in (again extra points to those who are involved in scientific research and working with innovative technologies), and your ability to speak one of the four languages. The processing time does take up to six months.

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6. The adaptation process goes easy

As English in the main working language you won’t experience the dreaded language barrier. The local society is an absolute melting pot of Chinese, Malay, Indian and British cultures with 42% of population being foreigners. There is a huge amount of expat communities and meet-ups, restaurants serving awesome foods from all over the world, and imported goods you are used to buying back at home. As expats say, “Singaporeans are generally very comfortable with diversity and have been very welcoming to foreigners” with rare case of racism or religion discrimination occurring. There are numerous international and English schools available, along with pre-school daycare centers, so your kids won’t experience much troubles either when changing environments.

7. Top notch higher education

If at any stage you feel like lacking relevant educational background or certain skills to get a promotion, you should consider getting a degree in one of the six Singapore universities. National University of Singapore currently ranks number one in Asia and 22nd in the world offering degrees in Arts, Law, Medicine, Computer Sciences, Public Policy and nearly any other profession in demand. Tuition fees for undergraduate programs range from S$ 28.600 to S$ 129,200 for medical degrees. However, all students (foreign or resident) can apply for governmental grants and tuition aid, cutting down the costs by 50%, as currently around 20% of government spendings go into education. If you are aiming at a top executive position, getting an MBA in Singapore will cost you S$ 58,000 full-time or part-time.

8. It takes three days to open a business

Being ranked #1 for the ease of doing businesses by World Bank consequently for seven (!!!) years, starting your business in Singapore is easy and fast indeed. The whole process is done online and your registration will be deemed completed within a few hours after you pay a registration fee of the S$65. Afterwards, you can either refer for further assistance to ACRA (Accounting and Corporate Regulatory Authority) offering you a huge selection of agencies and providers to handle all your business needs – from business start-up services to preparing all the documents for your annual returns.

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9. Singapore is rated #1 as the best labor force in the world

As your business grows and you feel it is time to expand, hiring new professional team won’t be much of a struggle. With expats and work migrants flooding the market, local labors are known for their effectiveness, strong work ethics and superb educational profiles. Filling in top executives and managerial positing will not be a problem either as the share of high-skilled professionals with relevant background rose from 27% in 2003 to 31% in 2013. Moreover, 25% of residents reported to have worked for the same company for 10 years, which means less personnel changes and headhunting.

10. Low crime rates and zero corruption

Currently ranked the 5th least corrupted country in the world, Singapore surpassed a long chain of reforms and law enforcement practices on the road to a bribe-free society. The Corrupt Practices Investigation Bureau has kept an eye on matters since 1952 and tries all cases according to strict Singapore laws with long-term jail sentences and huge fines up to S$ 100,000. Same goes towards any sort of crimes–even minor offenses are treated with extreme severity. Think: three months of jail and three hard cane strokes for painting graffiti on a war memorial. When living and working in Singapore you don’t need to worry about your belongings getting stolen, nor your life threatened. Besides, you don’t need to have any sort of “special connections” to do business and get through all the legal and bureaucratic procedures.

11. You can become a millionaire in less than 10 years

According to a recent report issued by Boston Consulting Group, over one half of wealthy Singaporeans accumulated the majority of their wealth in less than 10 years. That’s the quickest growing rate in the world. Now, Singapore boasts one of the highest millionaires’ density in the world with 8.8% of the population having assets over one million US dollars. The phenomenon exists due to the ease of doing businesses in Singapore, advantageous location with easy access to nearby booming markets of India, Indonesia and Malaysia and quick implementation of progressive new technologies.

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12. Absolute political stability

Obviously, your business and you as an employee do not exist in a vacuum and are highly dependent on governmental policies and law-making. The Singaporean government is known for conducting open and fair policy towards constantly introducing new laws, tax relieves, and regulations to enhance the countries’ business environment even more. With the People Action’s Party forming the majority in Parliament since 1965, Singapore has a very stable and orderly government indeed.

Featured photo credit: Larry Teo via unsplash.com

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